Wednesday, March 19, 2008

Getting back to trading.. -59$

Well Today I've lost 59$, but I followed my rules..

So the trade was just breaking of the trendline, and then 2nd bounce of it, I thought it would go up, but it showed me soon enough that I was wrong, and trading with the trend is better, I should remember that "the trend is your friend", but I always forget.

I am just getting back to trading so it will be hard, but I know I will eventually be profitable, I will continue as planned, and the money will come.

Here is how today looked like :

Tuesday, March 11, 2008

Blogging..

After losing yesterday more than I should (116$), I think I'll have to start blogging again.

Why? I'm down 250$ this month, and if I won't say it, it will continue, I remember times like October, where I had a great month, and why did I have that? because I was keeping a diary, analyzing my graphs, and just keeping my spirit up.

Lately I'm not, I'm just coming to the market each day, in a hurry, trying to make a killing, and get out, and it's not the way to do it, in October I just took small winners each day, something like a trade a day, and it worked.

Yesterday I traded impulsively, without thinking so much, or a certain method, and it was bad, the results show that it was bad..
Friday, I was +60$ up, and I manage to finish the day down, not down by a lot, but it still stupid to finish the day down after you have something in your pocket.

Today I decided to try something different, I must just watch the market, take paper trade when opportunity is perfect, and see the results, after yesterday's impulsive behavior, I must take some time off (like today) from real trading, and see what happens.

Tomorrow I will be allowed to trade only if I didn't trade today.

From now on I'm back on blogging, I will be accounted for and therefore will be pushing myself into results.